Key Location - approx 5 min walk to Commuter Train to Boston (half hour ride to Boston), the Salem Common, restaurants and shops of Historic Salem with a great Walk Score of 93. Classic Salem Old Style 2 - 3 bedroom single family home oozes with charm with 4 fireplaces, wide plank hardwood floors, build in dining cabinet and a private back yard are just a few features that will attract you to this home. The main floor features a living room, dining room (or use as a main floor bedroom), eat-in kitchen, and a full bathroom; while the second floor houses the two bedrooms. Main floor layout is perfect for aging in place when using DR as BR - makes for easy living. The attic offers expansion possibilities or ample storage space, and the large basement provides a bulk head walkout to the private back yard. This home presents an ideal opportunity for a starter home, condo alternative, or investment property. With some personal touches, this home can become a true gem in a key location.
Type | Description | Dimensions | Level |
---|---|---|---|
Bedroom 2 | Beamed Ceilings, Closet, Flooring - Hardwood | 13.2 x 13.2 | Second |
Bedroom 3 | Fireplace, Closet, Flooring - Hardwood | 13.4 x 11.11 | Main,First |
Dining Room | Closet, Flooring - Hardwood | 13.4 x 12 | Main,First |
Kitchen | Flooring - Vinyl, Dining Area, Exterior Access, Recessed Lighting, Gas Stove | 8 x 20.1 | Main,First |
Living Room | Closet, Flooring - Hardwood | 13.4 x 11.11 | Main,First |
Master Bedroom | Ceiling Fan(s), Beamed Ceilings, Vaulted Ceiling(s), Closet, Flooring - Hardwood | 13.2 x 12.5 | Second |
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William Raveis Real Estate
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Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $444,000 | $444,000 | $444,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.737% | 7.055% | 6.120% |
Monthly Tax Payment | $415 | $415 | $415 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,880 | $2,917 | $3,717 |
Total Monthly Payment | $3,387 | $3,424 | $4,224 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.